USA, Inverness Medical Innovations Completes Acquisition of Free & Clear

Seattle, Washington-based Free & Clear, Inc. a provider of web-based learning and phone-based cognitive behavioral coaching to help employers, health plans and state governments improve the overall health and productivity of their covered populations, was acquired by NYSE-quoted Inverness Medical Innovations, Inc.
Inverness Medical Innovations, a global leader in enabling individuals to take charge of their health at home through the merger of rapid diagnostics and health management, completed the acquistion for approximately $100m in cash, net of cash acquired, and up to $30m in future contingent payments based on 2010 revenues and EBITDA margin.

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